Weakness to continueAAPL will touch the $160 mark.... but only by 2022 in my opinion.
This is a great long term hold, and I have been swing trading AAPL often. I have been keen to build a long term position again, previously targeting $113 as entry (in the meantime I swing traded AAPL from 121 to 125). But, seeing the weekly chart, and continued weaker market sentiment, I feel this could go a little lower.
My swing trade set up:
Entry @ $113
Profit @ $119 - 124 (I expect to see this by April if the price drops to 113 this month).
Stop loss: $108.5 (note, I personally don't keep a stop loss on AAPL swings).
My long term entry set up:
Entry at $104 - $106.5 (expecting this close to June 2021)
2022 target: $160+
Additional details on the chart 🙂
Good luck traders!
Faang
Trading overextension of TSLA: Breakdown distribution channel 🧸Hi guys, here is my setup for shorting NASDAQ:TSLA for next week.
As you can see NASDAQ:TSLA formed distribution channel where is traded several days.After inside bar at 19.1.2021 (on daily chart) bears defended level 861. Today, it seem there is the brakdown of distribution channel and beggining of markdown phase.
There is data for my swingtrade:
------------------------Trade setup ---------------------------
Entry: 831.70
Stop Loss: 846
Profit target: 762
Time stop: 5 days
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Leave a comment that is helpful or encouraging. Let's master the markets together.
Amazon 20 days ruleLook to the scenario of 20 days rule, it's going UP or DOWN accuracy in trend for 20 days.
Now, I expect that the volatility will increase, even double to 10 days, but with less movement between 3%-5% range.
After increasing volatility, and in next 20 days, with movements like /\/\/\/\/\/\, than in the middle of february, high expectancy of movements to 2650$ price level.
You pick! Vaccine stocks +265%, FAANG +32%As of 2/12/2020 to date, vaccine stocks (MRNA,BNTX,NVAX,AZN,VIR,ARCT,INO,TBIO,VXRT) had a 233% outperformance
against FAANG technology stocks (FB,AMZN,AAPL,NFLX,GOOG).
This trend of outperformance is likely to continue in the coming period because valuations of tech stocks need to be held
at reasonable levels to avoid a sharp collapse of NASDAQ one day. On the other hand, the stock prices of vaccines have to integrate
in advance the forecasts of vaccine demand for several more years (unfortunately), as well as the development of new treatments
in all kinds of diseases with new methods of Biotechnology (mRNA, DNA, Gene editing etc.).
Below are presented the mid-term trend charts of Vaccine and FAANG stocks.
Notice that the Vaccine stocks trend is upward (in both RSI and MACD) while the FAANG stocks trend is downward.
Disclaimer
The writer of this text is not an investment advisor. The preceding content is intended to be used for informational and educational purposes only.
Before making any investment based on your own personal circumstances, it is very important to do your own research and analysis and also take
independent financial advice from a professional to verify any information provided here.
Democratic control of senate could lead to major gains in EnergyFANG is one of the names poised to benefit from infrastructure bills and further rallies in the energy sector. I predict we see a return towards the 50% area on the Fibonacci retracement. I see $80 in the immediate future and much more to come if infrastructure is on the democratic agenda.
Facebook out of steam: Daytrade: Short FB target: $271.88If you like the idea, do not forget to support with a 👍 like and follow.
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Hi fellows, just one of my today daytrades:
Nice entry point in supply zone.
------------------------Trade setup ---------------------------
Entry: 276.90
Stop Loss: 278.92
Profit target: 271.88
Time stop: Exit at market close
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Here is 4H chart for bigger picture:
SQ Play The MoveMarkets seems to have rotated to the safer haven stocks today, such as FAANGs and blue chips. SQ, a consistent producer for the year, could be in a much needed pullback or retracement as a result. RSI trend has snapped but is still in bull zone.
Key support levels to watch are the 220, 214 and 200. Must have confirmation first, though. Purple box for ideal reversal area.
Re-test $1840 before dip to 200 MA n MarchCycle Analysis suggesting that NASDAQ:GOOGL has another run upward. I expect it would re-test the high and see a dip around earnings, heading towards mid-March 2021.
Yellow window: I'm going to be watching the yellow window as I feel GOOGL still has a little drag left. But, generally, I expect a rally in Jan until about Jan 25. Note: Although GOOGL has confirmed the dip on Dec 21 based on cycles, I also am considering that GOOGL sees a dip about 35-41 trading days before earnings (yellow window). I would look for an entry once this window passes. Provided there is not positive catalyst in the next week for GOOGL, this should be a fairly risk-free entry opportunity.
Expected entry window: $1675-1700. Mainly, I want to wait for an entry after December 30, depending on price action.
Profit target: $1840
Long-term view: I see Alphabet (and other tech stocks) pulling back around mid-Feb to early April. In GOOGL, it happens around mid March, where I expect it could re-test the 200 MA. Good long-term entry if we see this pullback in March.
Good luck!
Price action update: AAPLFollowing a hold of a 50% retracement late November to retest the top of the established range NASDAQ:AAPL this week has confirmed a break of the 125 level. It has the momentum to retest the ATH with a high probability.
The overall move this year did not perform a full retracement pullback to the 50% Fibonacci level. Instead it only held the 38.2% retracement. This suggests strong bullish momentum for the long term. Following a retest of the ATH I would be looking for a confirmed break to continue.
Bounced too early? Pull-back before Hitting 234 in Jan 2021.A zoomed in look at MSFT daily chart from my previous analysis. The cycles and trend lines are still the same on this one, so I won't repeat those.
MSFT bounced just a little early which is not convincing enough for me. NASDAQ:NDAQ will need a breather in the coming week after the stimulus news (positive or negative). I sense there is still a pull-back pending on larger indexes over the next week in order to have a decent bull-run in Jan 2021.
MSFT dropped out of the Green support channel and 100MA, but recovered rather quickly (without clear alignment with its cycle). I expect MSFT will either have a small rally and then retrace to extended consolidation again. Or (my preferred strategy), we see the pullback over the next 10ish days). This would align with MSFT's dip buying rallies before earnings and with other tech stock cycles.
Entry Price Target: Between 205-210
Exit Price Target: 234 (around mid-Jan) with potential to hit 260 by March